Worth Watching: Could Alamos Gold Inc (USA) See a Reversal After This Very Weak Session?

October 14, 2016Nellie Frank

The stock of Alamos Gold Inc (USA) (NYSE:AGI) is a huge mover today! About 974,607 shares traded hands. Alamos Gold Inc (USA) (NYSE:AGI) has risen 52.78% since March 11, 2016 and is uptrending. It has outperformed by 47.32% the S&P500.
The move comes after 5 months negative chart setup for the $2.05B company. It was reported on Oct, 14 by Barchart.com. We have $6.87 PT which if reached, will make NYSE:AGI worth $164.00M less.

Analysts await Alamos Gold Inc (USA) (NYSE:AGI) to report earnings on November, 10. They expect $0.03 earnings per share, up 130.00% or $0.13 from last year’s $-0.1 per share. AGI’s profit will be $8.23 million for 62.25 P/E if the $0.03 EPS becomes a reality. After $-0.01 actual earnings per share reported by Alamos Gold Inc (USA) for the previous quarter, Wall Street now forecasts -400.00% EPS growth.

Alamos Gold Inc (USA) (NYSE:AGI) Ratings Coverage

Out of 8 analysts covering Alamos Gold (NYSE:AGI), 4 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 50% are positive. Alamos Gold has been the topic of 13 analyst reports since August 11, 2015 according to StockzIntelligence Inc. The company was downgraded on Tuesday, March 29 by Scotia Capital. As per Friday, May 27, the company rating was upgraded by National Bank Canada. The firm has “Sector Outperform” rating by Scotia Capital given on Wednesday, August 12. Canaccord Genuity downgraded Alamos Gold Inc (USA) (NYSE:AGI) on Tuesday, May 3 to “Hold” rating. RBC Capital Markets downgraded Alamos Gold Inc (USA) (NYSE:AGI) on Thursday, March 10 to “Sector Perform” rating. As per Wednesday, April 20, the company rating was downgraded by Raymond James. The firm earned “Outperform” rating on Monday, June 27 by Raymond James. On Wednesday, August 19 the stock rating was upgraded by IBC to “Sector Outperform”. Howard Weil upgraded Alamos Gold Inc (USA) (NYSE:AGI) on Tuesday, August 11 to “Sector Perform” rating. The rating was upgraded by Desjardins Securities to “Buy” on Thursday, August 11.

According to Zacks Investment Research, “Alamos is a Canadian-based intermediate gold producer with diversified production from three operating mines in North America. This includes the Young-Davidson mine in northern Ontario, Canada and the Mulatos and El Chanate mines in Sonora State, Mexico.”

Another recent and important Alamos Gold Inc (USA) (NYSE:AGI) news was published by Fool.com which published an article titled: “Why Alamos Gold Inc. Shares Jumped Nearly 17% in September” on October 11, 2016.